Government tax takes at record high with France in top spot - OECD

Denmark no longer has OECD’s highest tax revenues

The Organisation for Economic Cooperation and Development (OECD) said on Wednesday overall government tax revenue on average reached 34.2 percent of gross domestic product (GDP) a year ago among 34 developed countries for which the Paris-based body compiled data.

The OECD figures reveal that tax revenues in Greece increased by 8.2 percentage points of gross domestic product in the decade from 2007 to 2017, and even if one focuses only on the 2010-17 bailout program period there is a hike from 32 percent to 39.4 percent of GDP. Korea stood ninth in terms of taxes on property, with the tax-to-GDP ratio at 3.1 percent, higher than the OECD average of 1.9 percent.

With an overall tax revenue of 46.2 percent of GDP, France moves above Denmark, which has a corresponding figure of 46.0 percent of GDP - down from 46.2 percent the previous year.

High taxes in France have been the source of discontent and unrest among residents.

China launches pioneering mission to far side of moon
In this photo released by Xinhua News Agency, the Chang'e 4 lunar probe launches from the the Xichang Satellite Launch Center. If successful, the Chang-e 4 will unlock valuable clues to the mysteries about the moon and the universe.

The tax-to-GDP ratio rose in 19 of the 34 OECD countries that provided data for 2017, and the OECD average is higher than ever. The "yellow jacket" protest started as a peaceful opposition to President Emanuel Macron's plan to increase taxes on gas and diesel fuel by 2.9 cents and 6.5 cents a liter, respectively, which opponents said would disproportionately affect people already disadvantaged by low wages and unemployment.

Mexico had the lowest overall tax burden at 16.2 percent, the OECD said.

Taxes in Korea were found to be relatively less burdensome past year compared to other OECD countries.

Related News:



Most liked

Hope grows for peace in Yemen
Saudi Arabia has come under heavy USA pressure since the killing of Khashoggi, and the Houthis are under intense financial strain. At the Moment, but it is still not far-reaching peace negotiations, but "consultations", said Griffiths.

Rwanda high court acquits Kagame critic, Diane Rwigara
She launched an activist group called the People Salvation Movement to challenge the Kagame regime to ensure human rights. I am continuing with my political journey ...everything I talked about in the past has not been resolved.

Italian Police Arrest 'Godfather' of Sicilian Mafia in Major Operation
In a throwback to Cosa Nostra's 1980s heyday, the mobsters were in the habit of delivering severed goats' heads to... In 1992, Falcone and another top prosecutor - Paolo Borsellino - were blown up in Mafia hits.

Cesc Fabregas's move from Chelsea to AC Milan 'depends on wife'
However, they are likely to offer him a four-year deal if he signs in the coming months. I want Eden here, of course , but I want him here if he wants to stay here".

Ben Simmons' Philadelphia 76ers in loss to Toronto Raptors
The game drew several celebrities who attended Tuesday's gala for Giants of Africa, the charity of Raptors president Masai Ujiri. Toronto's 17 offensive rebounds were a season high. "If you try to turn it on versus the good teams, it's very hard to do that".

Today the ISS will send a Falcon 9 with a cargo spacecraft
The owner of SpaceX Elon Musk on this occasion, wrote on Twitter that a bad landing caused by a problem with a hydraulic pump. The launch itself was a success, but landing the rocket for reuse didn't go as planned.

Charlottesville: White nationalist found guilty of murder for driving auto into counterprotester
Jeanne "Star" Peterson told the court she was fast on her feet till her right leg was run over by Fields's vehicle . Heyer's mother, Susan Bro and eight victims are expected to testify before Fields' sentencing, NBC News reported .

Officer died of friendly fire in Thousand Oaks shooting
It was that sixth round which struck Helus in the chest and heart and ultimately killed him, authorities reported Friday morning. Two of the rounds struck the vest, "but only near the edge of the vest, so in my mind, decreasing protection provided", he said.

Floyd Mayweather WILL fight Japanese kickboxer Tenshin Nasukawa
Mayweather went on to say that if Tenshin's kickboxing instincts kick in on December 31, it will mean more cash in his pocket. This bout will be boxing only, though it will be full-contact competition - which implies a knockout is possible.

FCA will resurrect a Detroit factory to build three-row Jeeps, reports say
President Donald Trump ripped GM for the cuts, which will include salaried workers and employees on factory floors. The revitalized plant will be the first new auto assembly line to open in Detroit in 27 years.

Alleged Samsung Galaxy S10 Images Leak Highlighting Triple Rear Cameras
The Exynos model will ship to Europe and India, while the Snapdragon unit will be available in the U.S. and China. As for the objective of the notch, it would hide the front-facing camera, as you can see in the leaked photo.

Bomb Threat Hoaxer, DDos Boss Gets 3 Years
Avonbourne Trust has four academies; Avonwood Primary, Avonbourne College, Harewood College and Avonbourne Sixth Form. The teenager was sentenced to one year for the emails sent to schools and two years for the airport security scare.

Grace Millane: Police start murder inquiry
A 26-year-old man - who was with Miss Millane before she went missing - is being held in Auckland in connection with the murder. Police would like to hear from anyone who may have seen any of the items matching their descriptions over the past week.

Encryption bill becomes law after Labor backdown
Despite mounting privacy concerns, the government said that the legislation will be limited to helping the police tackle crime. Mr Husic said this week's outcome was "not a ideal endpoint" and "there will be people who wonder why we did what we did".

Marvel Ultimate Alliance 3 is Coming Exclusively to Nintendo Switch
That implies that Marvel has dropped the restrictions on film licences that have affected most Marvel games in recent years. The one platform where there isn't one yet, save for a LEGO-based title, is the Nintendo Switch .